http://www.radix-marine.com/shareholder/index.php Copyright 2012, Brad Brad en-US SPHPBLOG 0.5.1 http://www.radix-marine.com/shareholder/index.php?entry=entry120506-203447
First off I want to apologize for the delay. I have been busy on projects and had a few distractions of gnats biting at my butt the last couple months. It is hard when you do not have specific things to share.

I have been working on projects that will continue to add shareholder value in my opinion. I have worked on the vessel and had discussions with the GB12 demo craft owners as to what my plans are for the year.

They are squarely in my court with my ideas and plans. This is always a good thing when you swim in the water with little minnows that have an agenda.

I have contacted the original designer to get his thoughts on the design changes suggested in a 2004 performance enhancing report prepared by the marine engineer. Michael was really sharp and has had vast years of experience with special operations and the demands on a patrol craft like the GB12 in nasty theater of operation.

It is my plan to implement these changes in the next generation of the GB series vessels as we look towards the potential of overseas sales.

I recently decided to move, personally, to better accommodate my anticipated busy year. This will allow me to spend about 30 hours a week closer to my work and improve my ability to get things done. I am in the office by 5:30 now and can better communicate with people in different time zones.


If any of you are in the area, stop into Radix and I will cook you a burger or ribs on your visit. I am so close to my work now, I can spit and hit my desk, even in a headwind.

Back to the BBQ.

Brad Goodspeed

I]]> http://www.radix-marine.com/shareholder/index.php?entry=entry120506-203447 Brad Mon, 07 May 2012 03:34:47 GMT http://www.radix-marine.com/shareholder/comments.php?y=12&m=05&entry=entry120506-203447 http://www.radix-marine.com/shareholder/index.php?entry=entry120309-120414
Tim has left to go to Florida to finish up some of his MDSI financing. He expects to return in the next 3 weeks and get back to work on the MDSI/Radix project and agreement.

I am sure he loves the sunny Florida weather, I think Yakima weather is just too cold for him.

I have the boat moved and beginning to work on the upgrades I have identified earlier. I am truly looking for ward to some fun demos on the water this spring and summer.

I will be updating next week on several projects I have worked on for several months that I think will be of great benefit to Radix-Marine.

Brad Goodspeed

]]> http://www.radix-marine.com/shareholder/index.php?entry=entry120309-120414 Brad Fri, 09 Mar 2012 19:04:14 GMT http://www.radix-marine.com/shareholder/comments.php?y=12&m=03&entry=entry120309-120414 http://www.radix-marine.com/shareholder/index.php?entry=entry120301-084959
It is about 7:00 AM in wonderful Yakima. I loaded the boat and returning it to Yakima to finish the work we started last Fall. I have forwarded pictures to the web master of us loading the boat on the trailer with a crane.

Unfortunately, I could not get a shot of it in the air as the wind decided to blow 30-35 with gusts. It is a bit unnerving to have a 23,000 pound vessel swinging from 4 pick points on the end of 4 nylon straps with the wind dead on the side of it. There is allot of surface to catch the wind and we have about 4 inches side to side when loading it on the trailer.

We have the boat loaded and as I write this we are moving it back to the shop to finish putting the engine back in and its upgrades. I anticipate spending the rest of March and maybe the first 2 weeks of April to complete the tasks. It can then be put back in the water for some exciting testing and demos.

As you will see from my last posts, we are pretty much on time with the schedule we anticipated back in January.

While my last update said is was feeling like spring, it also cautioned us not to get to optimistic as the weather here can be full of surprises…and it was. We woke up yesterday to icy roads and 4 inches of snow and the schools in the valley 2 hours late.

I have also been working on several projects that I feel will diversify the company nicely. I will be putting more about these projects as the agreements better evolve and I finish the due diligence for Radix Marine.

I want to thank the shareholders that have taken the time to be engaged with the company and its future. I wish I could hear from more.

It is a goal of mine to have a shareholder meeting this year, but first I want to get the demo craft back together and performing like a thoroughbred once again.

If any of you are in the area this spring, feel free to stop by or make an appointment for a tour of what we are up to. I always enjoy visitors.

Brad Goodspeed


]]> http://www.radix-marine.com/shareholder/index.php?entry=entry120301-084959 Brad Thu, 01 Mar 2012 15:49:59 GMT http://www.radix-marine.com/shareholder/comments.php?y=12&m=03&entry=entry120301-084959 http://www.radix-marine.com/shareholder/index.php?entry=entry120213-092402
My personal litigation is now winding down and I have about finished my land use issues I committed to get done in Yakima. I can now concentrate on the activities of Radix as they culminate themselves after years of hard work to move things forward.

I have been working at getting the boat back to Yakima to get the avionics upgrades done and re install the engine. I have been waiting for confirmation on a couple demos so I have a better idea how to execute on them.

I have been working with a company that builds composite parts for sporting products and purposes. We have had discussions about either some sort of license agreement or some other synergy.

I have a demo for the boat for late spring/early summer that will require me to have the fire suppression unit available to be installed and operational. I have decided to move the vessel to Lake Coeur D Alene in Idaho when it goes back in the water.

The reason for this is 2 fold. The lake has great fresh water demonstration environment as it is about 30 miles long. It also has 2 large rivers with multiple lakes feeding into the rivers. This gives great river environments for demonstrations in shallow water where it really shines. It will give greater “real world” demonstration area with the Coeur D Alene River, Saint Joe River, Lake Chat Colette and many bays around the lake.

It is only 20 miles from Spokane and the International Airport serviced by multiple carriers providing better connections than the Tri Cities or Yakima.

A friend has offered me use of a commercial dock there for free of charge and I can fly in and out of St Maries or the CDA airport. It is only an hour from Yakima and it will put me closer to the potential site of the Carbon Fiber activity with the sporting products company. I see a huge potential here for both companies.

I have been going through some pictures and will be getting them posted to the web-site.

I am looking forward to a fun and productive spring at Radix Marine.

Brad Goodspeed
]]> http://www.radix-marine.com/shareholder/index.php?entry=entry120213-092402 Brad Mon, 13 Feb 2012 16:24:02 GMT http://www.radix-marine.com/shareholder/comments.php?y=12&m=02&entry=entry120213-092402 http://www.radix-marine.com/shareholder/index.php?entry=entry120201-133725
I thought I would break my updates into 2 types. I will cover current projects we are working on and other opportunities.

I have been tasked with growing the company and developing new products and services. I will be covering some of these opportunities and explaining how I think they fit in the company’s future.

The existing business at hand is patrol crafts and associated systems and products. We have been waiting for notification of another demo and I have been preparing the boat to return it to Yakima to install the rebuilt motor. I plan to have the vessel back here by the middle of next week and start to re install the motor.

For the months of February and March, we will be putting the motor back into it, changing some of the avionics systems and then installing the fire suppression unit for demonstrations as a fire boat. The fire suppression unit is one of a kind and puts out 3,000 GPM or air entrained foam for fighting chemical and fuel fires.

Once installed, you have a 40 plus knot fire boat that is capable of getting under piers and around debris to safely fight and contain a fire in a Marina, on a pier or next to a larger vessel or barge.

I will be taking the boat back to Richland and putting it into the water some time in April as weather warms up. Tim continues to work of demos associated with his security systems to potential foreign customers. Hopefully we can combine the two forms of demos and have a productive spring of demonstrations.

One of the other things we are looking at is some of the recommendations provided by the Marine engineer to improve performance and enhance systems response. A couple years ago we replaced the old mechanical/cable method of steering and this great improved how it handles and responds to steering inputs.

They have a conversion kit to summarily change the forward reverse function to change the time from full forward to full reverse from almost 6 seconds to 2.5. This too improves the overall performance of the vessel.

I will be posting some pictures of us loading the craft with a crane, it is quite impressive process to watch.

Keep checking the web site for updates.

Brad Goodspeed



]]> http://www.radix-marine.com/shareholder/index.php?entry=entry120201-133725 Brad Wed, 01 Feb 2012 20:37:25 GMT http://www.radix-marine.com/shareholder/comments.php?y=12&m=02&entry=entry120201-133725 http://www.radix-marine.com/shareholder/index.php?entry=entry120201-124337
We have been busy on several projects in the last few months. I have hit lightly on the diversification of the company and proposals brought forth.

As we have stated, we are looking for things that will create great long term value for the shareholders.

One of the most interesting projects I have looked at is Compressed Natural Gas. CNG is the powering of vehicles by Natural Gas that is put into a tank usually located in the trunk of the vehicle. This was brought about by doing research into the Heavy Fuels we worked on several years ago.

The costs associated with Natural Gas fuel consumption is about 2.00 a gallon here locally. The drawback is the limited number of filling stations to fill the cars and with a 200 mile range for the average vehicle, you can only get about 100 miles from your know filling station.

These kind of operational costs quickly amortize the conversion cost of the vehicle.

Here in Washington State we have one in Everett, Tacoma, Bellevue and SeaTac. In other words, you can fill up in Factoria and then drive about 100 miles before you hit the point of no return. This is about Thorp Washington, home of the State Patrol best speed trap (planes and 2 stop watches), just 8 miles west of Ellensburg..

If there was a station in Yakima, Tri Cities and Spokane, it would open the entire state to this kind of vehicle power and fueling. Ingersol rand makes some real cool little filling stations. The industry has progressed a great deal and now more and more conversions are coming online. The draw back is backwards thinking government regulations and fees on the approval process for each vehicle model.

I share this with you so you can see the kid of opportunities we look at. We also want people to understand the amount of time and effort that goes into each and every one of these opportunities to see if their any validity for the company and its overall goals and objectives.

We will continue to explore these kinds of opportunities to bring value to the shareholders.

Brad Goodspeed
]]> http://www.radix-marine.com/shareholder/index.php?entry=entry120201-124337 Brad Wed, 01 Feb 2012 19:43:37 GMT http://www.radix-marine.com/shareholder/comments.php?y=12&m=02&entry=entry120201-124337 http://www.radix-marine.com/shareholder/index.php?entry=entry120115-144029
I have prepared the boat to move it back to Yakima this next week. I will be putting it in the shop area we have rented at the Yakima site to complete some repairs, make some modification suggested by an engineer and re install the engine we removed. To date, I have had no hard commitment as to a time frame for a revisit or a Demo ride.

Initially I was going to re install the engine in the Tri Cities. With the onset of winter and colder weather, I have elected to bring it back here, do some upgrades to avionics, reinstall the engine and make some systems modifications suggested my an engineer.

Tim is still here working on his duties and obligations to market the vessel. He does not like the cold weather, but he is surviving. When I am done with the mods on the vessel, I will redeploy the GB12 to either a warmer climate or Tri Cities again depending on the weather at the time any demonstrations come about.

I have asked Tim for an update to the extent he can disclose any areas of progress. This is the problem with marketing the craft globally, you simply can not discuss specifics due to confidentiality agreements MDSI or Radix Marine have signed.

I look forward to a busy and productive year at Radix Marine. It is still my goal to have a shareholder meeting this spring or summer. Unfortunately, we simply ran out of time with all going on and I was hoping to have more positive news in the attempts to market the vessel globally for a meeting last year.

The global recession and tight credit have affected both the potential vessel sales as well as our efforts to diversify the company. This is why I had posted some of the opportunities we had looked at.

A prefect example is the wind farm. The proposed site was textbook perfect. 1,000 acres with 3 sets of transmission lines running through the property. An almost perfect “wind rose” and daily afternoon activity during peak demand times. The challenge is an inter-connect. These can be very expensive and recently the wind farms have come under fire for their inability to be regulated. They either produce or do not, with no storage or ability to regulate the output. Almost all wind farms are dependant on the grants pushed by the states. These have also begun to dry up and become tougher to get.

We put a great deal of time into research, costing and participating in preparation of environmental checklists and paperwork. In the end, it simply did not make sense for Radix Marine due to the cost and uncertainty of demand/revenue.

We even looked at completing the permitting of the site and selling the entire proposal off to someone else to develop for a smaller, but shorter term profit. We felt it was in the best interest of the shareholders to pass for now and revisit the project when a bit farther along.

As always, I remain an open door to shareholders to have a discussion about the progress of the company. When someone calls and identifies themselves as a shareholder, I will in turn want a cert number and name, address and will gladly discuss the company and its progress.

As for the bloggers that say they have called or contacted the company it simply has not happened. I keep a log of all legitimate calls on behalf of the company.

Brad Goodspeed
]]> http://www.radix-marine.com/shareholder/index.php?entry=entry120115-144029 Brad Sun, 15 Jan 2012 21:40:29 GMT http://www.radix-marine.com/shareholder/comments.php?y=12&m=01&entry=entry120115-144029 http://www.radix-marine.com/shareholder/index.php?entry=entry120107-122736

I have been working on updates for the last several weeks.



I decided to take a few weeks off and concentrate on the holidays and personal issues in my life. My girls are both back at home and I wanted to spend the holidays with them, something we have been unable to do for many years. Those of you that have teenage girls will clearly understand that statement with them being 17 and 21 now.



2011 was a very busy year for Radix Marine on several fronts. Over the next couple weeks I will be posting an overview of the year and the many projects we have worked on. I feel we have made much progress in the goals of the company to preserve and grow shareholder value.



The primary focus of the business has been the GB12 patrol craft and its many global opportunities. When I became involved in the company directly in 2008, my focus was to diversify the company and use the public structure to find business fits to accomplish this goal. What we are not interested in, is acquiring someone’s dream and providing them a method to “live large” at shareholder expense.



Over the last 18 months we have explored several potential business opportunities for Radix as a public traded company. We looked opportunities in Solar power, Wind power, Gas turbine power, Specialized concrete products, Processes to chemically treat and build roads, Oil cleanup up technology, Composite manufacture of sporting goods equipment, Air technology to reduce drag on barges and vessels, Laser defense technology, Audible sound defense technology, Pre-cast technology for modular housing, A suspension system that allows items to be easily loaded without ramps, A high tech roller blade for cross country applications.



There are several others I simply can not disclose without violating non disclosure agreements in effect.



Each and everyone of these required great amounts of time to research, analyze, discuss with industry experts, determine if it was a fit for the company and we proceeded for the right reasons. We are looking for long term stability, market growth potential, shareholder value and limited risk associated with the venture.



While we have not completely ruled many of these out, we feel they need to be advanced before they meet our criteria guidelines completely.



Now that 2012 is here, we can focus on accomplishing things that we simply could not get to in 2011 due to our work load. While some people might view this as “excuses”, a simple review of some of the opportunities listed above would dispel this for most people.



I will be posting updates and elaboration on many of the opportunities above. All of these will be discussed in great detail at the shareholder meeting this year. I anticipate having several of the inventors there for some dialogue and education.



I also have several candidates to take over as CEO. Fred is going to retire and spend more time with his family and friends. He has been kind enough to serve the last several years while we look for products, services and then leadership with experience in business to lead the company as it grows and expands. His accident last year really took a toll on his health. It will be up to the shareholders to elect a new board and CEO of the company.



I have agreed to stay onboard as long as my performance is acceptable to the management. I am at their will and if my performance is substandard, then I don't deserve the opportunity given to me. I have agreed to stay through next year for no cash compensation.



I have way too much fun working on Radix projects and many of my family and friends own stock in the company.



More updates to come, stand by, I love my job



Brad







]]> http://www.radix-marine.com/shareholder/index.php?entry=entry120107-122736 Brad Sat, 07 Jan 2012 19:27:36 GMT http://www.radix-marine.com/shareholder/comments.php?y=12&m=01&entry=entry120107-122736 http://www.radix-marine.com/shareholder/index.php?entry=entry111023-114802
It has been a very busy month here in Yakima. I have been busy finishing up my project on the plat of the property, associated land use issues and completion of the street improvements so it can be recorded.

While it is not directly tied to Radix Marine, it is the primary entry to the property and the Radix offices. What we had before was almost a goat trail in the form of open drainage ditches, half of a paved road and no storm water run off control. The road ended after 400 feet and just turned into a parking lot for GE Aviation and the property we occupy.

We will see frost within a week and snow can show any time after Halloween. After this happens, we are done until spring for concrete, landscaping and paving work. What we have now is a world class entry to the property and we will be installing a new professional sign with lighting to identify Radix Marine and its location on the property.

I will have Tony upload some photos in the coming weeks.

Unfortunately, I have to split my time between these two projects and it has delayed the completion of getting the motor back in the boat. I have been promised return, and new, demos in the coming months with plenty of notification to be prepared. I can have the boat back together in 10 days if we get such notification. After this coming Friday, the site work will be completed and I can turn it over for paving and landscaping. I will look forward to working inside in a heated shop finishing up the boat work.

The Court of Appeals hears my case on Monday. I expect that to go well, based on established case law, and to have a written opinion in the next couple months. The Airport has already had to return an 800,000 hanger back to my lender after spending 80,000 of tax payer money trying to steal it.

I have made it an effort to leave the litigation out of the updates. Unfortunately, I feel compelled as it has extracted much of my time that I could otherwise be spending on something I enjoy like Radix Marine.

The world economic and political chaos has had a big impact on potential Patrol Craft sales and mission requirements. Most countries are facing the same, if not worse, budgetary issues like the US. This affects timelines, needs and commitments dramatically.

It is for these reasons we continue to look for opportunities to diversify the company for greater shareholder value in the long run. We will keep you apprised of any of these potential projects as they develop.

I have to laugh at Tim as he bundles himself up like “Nanook” from the North. His blood never has acclimated to the weather we have up here. We had an about 3 weeks of 90-100 highs and now we have plummeted to highs of 60 and lows of 34-40 in 2 weeks. He almost sounds like a farmer, “it is too cold…now too hot…now too cold.

Have a great week and I will try and get some pictures up this week.

Brad




]]> http://www.radix-marine.com/shareholder/index.php?entry=entry111023-114802 Brad Sun, 23 Oct 2011 18:48:02 GMT http://www.radix-marine.com/shareholder/comments.php?y=11&m=10&entry=entry111023-114802 http://www.radix-marine.com/shareholder/index.php?entry=entry110906-142318

Sorry for the delay getting an update, I have been busy on my Yakima project. I have committed my time to finish up some land use issues and have a short fuse for time to get the work done with fall and winter around the corner.

We are waiting for word back on a specific date for more demos. I have the engine far enough along that I only need a week to get it back in the boat and running. We should have at least 2-3 weeks notice for the next demos. Weather will be good through the end of October first part of November. It is not like we are going water skiing and the engine love the cooler, more dense, air as well.

We continue to work on additional modules and uses for the boat. Tim is still here and comes into work daily, even over the three day weekend. He will start complaining when the air cools off. We get down to 60-62 at night now. I think a short summer for sure.

My personal cases are getting interesting, but I will leave them out of here for now. Let’s just say I am really having fun now watching the circus go on.

I have extended my contract with Radix Marine for no additional compensation. Over the weekend I decided, to be fair, I will offer Fred my services for 2 years with no additional compensation.

I really like this job and even working for free makes it all worth it.

I will get an update from Tim on his efforts. I asked him for it a week ago, and he simply became too busy with all he working on. It looks like Tim might stay here through the winter, he likes it here.

Thanks it for now. I will really try to get his post done. We are pouring concrete at the Yakima facility finishing some curb, gutter and sidewalk. I used to like concrete work, now it is a young mans game.

Brad
]]> http://www.radix-marine.com/shareholder/index.php?entry=entry110906-142318 Brad Tue, 06 Sep 2011 21:23:18 GMT http://www.radix-marine.com/shareholder/comments.php?y=11&m=09&entry=entry110906-142318